1200 Treadwell # 207, Austin TX 78704

After reviewing 7 recent transactions in SOUTH HEIGHTS, I estimate this property's value at $327,042. A competitive list price for this home right now would fall in the $251,000 to $261,000 range. This home's position in the current SOUTH HEIGHTS market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The larger lot (1.73 acres versus the area average of 0.88) contributes to the valuation. Current inventory shows 7 comparable homes in SOUTH HEIGHTS; a buyer's market based on recent absorption. Prices in SOUTH HEIGHTS have risen 11% over the last 6 months. A similar home at 900 S Lamar BLVD # 304, Austin TX 78704 carries an adjusted comparable value of $276,236, providing a strong data point. With 7 comparable sales in SOUTH HEIGHTS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group